Notification of major holdings in listed companies
On 13 May 2015 the Official Journal of the European Union published Commission Delegated Regulation (EU) 2015/761 with regard to certain regulatory technical standards on major holdings.
The aim of the Regulation is to ensure consistent application of the regime for notification of the acquisition or disposal of major holdings and related exemptions. This Regulation is based on the draft regulatory technical standards submitted by the European Securities and Markets Authority (ESMA) to the Commission and lays down detailed rules for the implementation of Article 9(6b), Article 13(1a)(a) and (b) and Article 13(4) of amended Directive 2004/109/EC (Transparency Directive).
This Regulation shall enter into force on 26 November 2015.